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Dada Nexus Limited (symbol: DADA) is a leading crowdsourced delivery service provider in China, offering two core business platforms: Dada Now and JD Daojia (JDDJ). Established in 2014, Dada Nexus has grown rapidly to cover over 360 major cities across China, connecting millions of users with efficient, on-demand delivery services.
Dada Now is an innovative on-demand delivery platform that specializes in last-mile and intracity logistics. It employs a crowdsourcing model, utilizing over three million delivery personnel to ensure swift and reliable service. The platform handles over four million orders daily, with 99% of deliveries completed within an hour.
JD Daojia (JDDJ) is an online retail platform that connects consumers with local merchants, offering a wide range of products from fresh produce and groceries to snacks, flowers, and health products. JDDJ operates in 22 cities, including Beijing, Shanghai, and Guangzhou, serving over 30 million registered users. Through LBS (Location-Based Services) technology, JDDJ provides rapid delivery, often within one hour.
The company has secured significant investments from top-tier funds and strategic partners like Sequoia, DST, JD.com, and Walmart, amassing nearly $700 million in funding. In 2016, Dada Nexus and JDDJ merged, with JD.com obtaining a 47.4% ownership stake in exchange for its JDDJ business. As of June 2023, JD.com and Walmart own 53.9% and 9.3% of Dada Nexus, respectively.
Dada Nexus' robust financial performance is supported by strategic partnerships and continuous innovation in delivery solutions. Competing with other major logistics companies like SF Intra-City, Didi, and Meituan, Dada Nexus remains a key player in China's logistics and on-demand retail market.
For more information, please visit Dada Nexus Investor Relations.
Dada Group (Nasdaq: DADA) has partnered with Miss Fresh to enhance the consumer shopping experience by providing one-hour delivery services. Since April 2021, over 400 Miss Fresh stores and warehouses have been integrated into Dada's JDDJ platform, available across major cities like Beijing and Shanghai. Consumers can order a wide variety of groceries through JDDJ and JD applications, with Dada Now riders ensuring timely delivery. This collaboration aims to increase fresh product availability and meet consumer demand efficiently.
Dada Group (Nasdaq: DADA) announced a partnership between its on-demand delivery platform, Dada Now, and WeChat Search. This collaboration aims to increase user engagement within the WeChat ecosystem, which boasts over 500 million active monthly users. Following this partnership, Dada Now's brand portal search volume surged over 100%, with related keywords climbing by 250%. Additionally, orders via Dada's WeChat Mini Program rose by 30%. This strategic alliance is set to enhance Dada's visibility and user acquisition in the rapidly growing on-demand delivery market in China.
Dada Group (Nasdaq: DADA) announced the launch of an 'elderly version' of its JDDJ platform, designed to enhance usability for older consumers. This update features large fonts and simplified options to facilitate product searches and orders for essential items, such as medicines and fresh food. This initiative aligns with China's Ministry of Industry and Information Technology's aim to improve Internet accessibility for the elderly. Dada Group participated in the 'Happy Elderly People Living In G Age' campaign, furthering their commitment to enhancing the lives of elderly citizens through technology.
Dada Group (Nasdaq: DADA) has expanded its partnership with CR Vanguard, integrating over 1,800 stores into its on-demand retail platform, JDDJ. This collaboration aims to enhance digitalization and user operations. Since 2018, CR Vanguard's sales on JDDJ have surged 2.2 times in 2020 compared to 2019. CR Vanguard's online membership program on JDDJ has seen a fourfold increase in membership in just six months. The partnership aims to boost online membership and consumer engagement with a focus on omni-channel retail strategies.
Dada Group (Nasdaq: DADA) announces the success of its JDDJ platform in driving brand visibility and sales through innovative marketing events like Merchant Category Day and Super Brand Day. These events have significantly boosted sales for partner brands, with grain and oil sales increasing by 97% and Unilever's sales soaring by over 450%. The ongoing JDDJ 415 Anniversary Shopping Festival, from April 8 to 18, features one-hour delivery services for products across China, enhancing consumer access to multiple categories.
Walmart China and Dada Group (DADA) have enhanced their partnership to boost omni-channel customer digitalization, launching an exclusive VIP program on JDDJ. This program aims to improve customer engagement and identify high-value customers through refined digital operations. Notably, VIP customers placed 2.7 times more orders than ordinary ones during a promotional event, showcasing the program's effectiveness. Both companies plan to expand VIP benefits and customer reach in the future, solidifying their positions in the digital retail space.
Dada Group (Nasdaq: DADA) has expanded its partnership with authorized phone resellers through its on-demand retail platform, JD Daojia (JDDJ), enhancing digitalization for quicker product delivery. As of March 2021, 670 authorized reseller stores are operational on JDDJ across China. This initiative allows one-hour delivery of electronic products, seamlessly integrating online and offline retail. Dada's services cater to 470 million JD.com users. Additionally, the JDDJ 415 Anniversary Shopping Festival offers one-hour delivery for various products, solidifying Dada's market position in local on-demand retail.
Dada Group (Nasdaq: DADA) announces the successful adoption of its Dada Haibo omni-channel retail system by over 2,200 supermarkets in China, significantly boosting operational efficiency and reducing costs for retailers. The system increased online product promotions by 6x and improved labor efficiencies in product and promotion management by up to 12x. Notably, C.P. Lotus integrated this system across all its 46 stores in South China, leading to a remarkable 167% sales increase in 2020. Dada continues to enhance digital capabilities for retailers, aiming for seamless omni-channel operations.
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